Picture of Arbor Realty Trust logo

ABR Arbor Realty Trust News Story

0.000.00%
us flag iconLast trade - 00:00
FinancialsBalancedMid CapContrarian

Arbor Realty Q3 profit misses estimates, declares $0.30 dividend

Overview

Arbor Realty Q3 net income misses analyst expectations, EPS also misses

Company recognized a $48 mln cash gain from an equity investment

Arbor Realty declares quarterly cash dividend of $0.30 per share

Result Drivers

EQUITY INVESTMENT GAIN - Co recognized a significant $48 mln cash gain from an equity investment

AGENCY LOAN ORIGINATIONS - Strongest qtr since 4Q20 with $1.98 bln in agency loan originations, boosting revenue

INTEREST RATE DECLINE - Decline in weighted average interest rate due to delinquencies and rate modifications in structured loan portfolio

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Revenue$2.02 bln
Q3 EPSMiss$0.20$0.23 (4 Analysts)
Q3 Net IncomeMiss$52.01 mln$52.48 mln (3 Analysts)
Q3 Net Interest Income$38.26 mln
Q3 Dividend$0.30
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and 2 "sell" or "strong sell" The average consensus recommendation for the specialized reits peer group is "hold" Wall Street's median 12-month price target for Arbor Realty Trust Inc is $11.75, about 1.7% above its October 30 closing price of $11.55 The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago Press Release: ID:nGNX6xf244 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Arbor Realty Trust

See all news